Mortgage Broker Company - Mortgage Brokers.

A mortgage broker is the loan officer for wholesale lenders.  The broker gets a low rate from the wholesale lender, the broker adds on his compensation, and the rate is usually about the same as you would get if you used a mortgage banker.

Mortgage brokers also have the opportunity to learn about various wholesale lenders and can handpick the lender that may help a borrower in a unique situation.  If the loan gets declined the broker can submit to another wholesale lender.

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